N e w s

SA's Ascendis acquires Farmalider stake

Ascendis Health today announced its first international acquisition with the purchase of a 49% stake in Spanish pharmaceutical group, Farmalider SA, for R210 million, with a right to acquire the remainder of the business in two further tranches over the next five years.   Madrid-based Farmalider develops and manufactures mainly generic pharmaceutical products, with a market leading position in the ibuprofen and paracetamol markets in.... Read more »

Posted on : Wednesday , 26th August 2015

Fidson to commission $38 million drug plant in Nigeria

Fidson Healthcare plc will commission a N7.5 billion (US$38 million) drug-making plant this year to offer more options in the Nigerian pharmaceutical industry and grow its portfolio.   The new facility will double the company’s production capacity and will, for the first time, add intravenous fluids to Fidson’s product portfolio. The facility is expected to conform to the World Health Organisation (Geneva)’s current Good.... Read more »

Posted on : Wednesday , 26th August 2015

Mortimer Harvey Africa Middle East signs consultancy services agreement with Egyptian pharmaceutical company Rameda

Mortimer Harvey Africa Middle East has signed a two-and-a-half-year consultancy services agreement with Rameda, a state-of-the-art pharmaceutical company in Egypt. Thibaud Weick, CEO of Mortimer Harvey Africa Middle East, says the company's scope of work includes consulting, in addition to advertising and digital marketing. "We have been tasked to assist with the export to Nigeria of pharmaceuticals that are produced in Egypt. For this.... Read more »

Posted on : Wednesday , 26th August 2015

Sappi and Boregaard expands capacity at lignin joint venture

Borregaard and Sappi will increase the lignin production capacity by 20,000 tonnes at LignoTech South Africa. The added volume will be marketed to the joint venture company's existing applications and geographical markets. The investment by LignoTech is estimated at R105m (approx. US$ 8.5 million), and the project is expected to be completed in 2017. Commenting on the decision, Per Arthur Sørlie, President and CEO of Borregaard, said,.... Read more »

Posted on : Wednesday , 26th August 2015

HST lands ground-breaking Tanzanian contract

Health Systems Technologies (Pty) Ltd (HST), a subsidiary of African Equity Empowerment Investments Limited (AEEI), has secured a contract with the Tanzanian Ministry of Health to implement Laboratory Information Management Systems (LIMS). HST, a leading provider of integrated healthcare solutions in South Africa, will roll out its LIMS services to multiple laboratories in Tanzania with a view to rolling out further opportunities throughout.... Read more »

Posted on : Wednesday , 26th August 2015

Tanzania: KPC Inefficiency in Eldoret Pushes Rwandan Fuel Transporters to Dar

 Loading challenges and congestion at the Kenya Pipeline Company's (KPC) depot in Eldoret are the key reasons why Rwanda's fuel transporters prefer to incur higher costs by using the Dar es Salaam port, fuel dealers say.   The Kigali-Dar route is nearly 1,460 kilometres, compared to the relatively shorter Kigali-Eldoret route of about 860 kilometres.   "A fuel truck to Dar will spend a week on average while it spends more.... Read more »

Posted on : Wednesday , 26th August 2015

Germany-Tanzania Bilateral Cooperation Strengthened With USD 210 Million Grant

 The German Embassy in Dar es Salaam, Tanzania has recently announced that it has concluded negotiations to strengthen the German-Tanzanian bilateral cooperation with a total grant of USD 210 million for development projects to b   The agreement includes a main program on human development for a total of USD 177 million, two projects on technical and financial cooperation totaling USD 18.9 million and a special program called.... Read more »

Posted on : Tuesday , 25th August 2015

Firm Sets Up Africa's Largest Biogas Plant

 A Sh765 million biogas plant being set up in Naivasha will generate 2.2 megawatts of power when in operation.   Speaking at the commissioning of the project on Friday, Tropical Power managing director Johnnie McMillan said the new anaerobic digester (AD) will sell 50 per cent of its electricity to Gorge Farm and the balance to Kenya Power for hook into the national grid.   Mr McMillan said 50,000 tonnes of organic waste will.... Read more »

Posted on : Tuesday , 25th August 2015

Kuwait Funds the construction of key road in Tanzania

 Tanzanian president Jakaya Kikwete has opened a ‘key road in Tanzania whose construction was sponsored by Kuwait government’s Fund for Arab Economic Development.   During the opening ceremony of marking the main road in Tanzania Mr. Jakaya Mrisho Kikwete expressed his gratitude to Kuwait for road infrastructure support.   Kikwete took a lot of time to give thanks to Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah his.... Read more »

Posted on : Tuesday , 25th August 2015

Biogas plant in Africa boosts energy production a year after construction

 The constructed biogas plant in South Africa located in the Uilenkraal dairy farm in the Western Cape has broken the record by achieving a 1.5GWh electricity production this August just a year after it began operation.   Since production work begun, the plant has been meeting 95 percent of the electricity demand for dairy farmers, animal feed milling and crop irrigation activities.The plant also produces high quality bio-fertilizer.... Read more »

Posted on : Tuesday , 25th August 2015

The construction of high efficient power plant in Africa to commence

 Tobene Power S.A is set to begin the construction of high efficient power plant in Senegal  after the country’s Tobene Power Project signed a financing deal with the World Bank Group International Development Association.   According to a statement released by Republic of Senegal, other banks involved in the financing of the project includes the Citibank and BNP Paribas.   The project is expected to be carried out.... Read more »

Posted on : Tuesday , 25th August 2015

Libya's state power firm in talks with Turkish companies

Tripoli - Libya's state electricity firm is in talks with Turkish firms to get them to return to carry out badly-needed maintenance work at power plants in the North African nation, a senior official with the Libyan company said.   Libya has been hit hard by power outages as fighting between rival factions damaged plants, interrupted the grid and made the import of spare parts more difficult.   A delegation from Tripoli just.... Read more »

Posted on : Tuesday , 25th August 2015



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